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Dec 19, 2012
12/12
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FBC
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if you are more tactical you can see whether they get the fiscal cliff done. i think that will be another way that you can get it. plus, 2013 will be great. i don't know about double-digit earnings growth, but credit in europe, and a miracle in japan. it is incredible. earnings are starting to rebound because nominal gdp is increasing and the other thing about volatility, volatility is going lower making what could have been more tight, more stability going into next year. all of these things, they will have a great year as far as price concern. liz: we showed the s&p for the year up about 16% year-over-year. the nasdaq 17%, these are beautiful performances, can they continue through 2013? >> i got asked that question a lot. people say the market is up, they are expensive, that is not necessarily so. the market is up because the consumer confidence and spending and earnings are great and the stock market made up of individual stocks that represent corporate earnings. as i look out into 2013, i see a bunch of tailwind called the energy sector, the housing secto
if you are more tactical you can see whether they get the fiscal cliff done. i think that will be another way that you can get it. plus, 2013 will be great. i don't know about double-digit earnings growth, but credit in europe, and a miracle in japan. it is incredible. earnings are starting to rebound because nominal gdp is increasing and the other thing about volatility, volatility is going lower making what could have been more tight, more stability going into next year. all of these things,...
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Dec 28, 2012
12/12
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WUSA
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they're waiting to see what happens with the fiscal cliff. >> hope is fact if congress can get it done before january 1st. even congressional leaders are skeptical. >> the american people have a right to be very upset with this congress. >> president obama has invited nancy pelosi, john boehner, mitch mcconnell, and harry reid to the white house this afternoon for a fiscal cliff summit. >> here we are five days from the new year, and we might finally start talking. >> today's white house meeting might be the last chance to come to an agreement. that's because it takes time for a bill to work its way through both chamber of commerce. >> i don't know time wise how it can happen now. >> under senate rules, the only way a bill could make its way through the procedural hurdles in time is if every senator agrees not to. they'll have 24 hours. outside the beltway, carlino will be watching. >> everyone is kind of in a wait-and-see and fingers-crossed per expect tichb right now. >> since 1930 this is only the fifth time congress has worked after christmas. and today's summit is the first time p
they're waiting to see what happens with the fiscal cliff. >> hope is fact if congress can get it done before january 1st. even congressional leaders are skeptical. >> the american people have a right to be very upset with this congress. >> president obama has invited nancy pelosi, john boehner, mitch mcconnell, and harry reid to the white house this afternoon for a fiscal cliff summit. >> here we are five days from the new year, and we might finally start talking....
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Dec 24, 2012
12/12
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MSNBCW
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s a for the fiscal cliff talks, i'm told that there have been some fresh talks at the staff level but the hard work is not going to get done until lawmakers return to washington, that's expected to happen after the christmas holiday and at this point there's not a lot of time left and hopes for a grand bargain, president obama and house speaker boehner had been working on have all but evaporated right now. making sure that the steep tax hikes don't go in to effect. president obama on friday saying he would accept a deal as long as it does not allow taxes to go up on middle class americans, as long as it extends unemployment insurance and lays the groundwork for deficit reduction in the future. so there's sort of scaling back their expectations. house speaker boehner tried to get an alternative bill passed through the house last week. that failed. the focus shifts to the senate. reid and mcconnell will really be charged with trying to hammer out the fine details of that deal that can make it through the senate and through the house so that is the challenge moving forward. of course, pr
s a for the fiscal cliff talks, i'm told that there have been some fresh talks at the staff level but the hard work is not going to get done until lawmakers return to washington, that's expected to happen after the christmas holiday and at this point there's not a lot of time left and hopes for a grand bargain, president obama and house speaker boehner had been working on have all but evaporated right now. making sure that the steep tax hikes don't go in to effect. president obama on friday...
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Dec 3, 2012
12/12
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MSNBCW
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cliff done? what's your answer to that question? >> i think, first of all, many compromises have been done. for example, in the cuts issues there's been over a trillion dollars of cuts. i think democrats have demonstrated over and over again we're willing to compromise and willing to make more compromises, but it's the republicans now that need to come to the table and counter the proposal that the president put forward last week. >> part of the counter of what some republicans hope is a divide within the democratic party is the issue of entitlements and how to handle it. secretary geithner was on and said republicans want entitlement change they have to propose them. let me play what he said regarding social security. >> we're prepared to in a separate process look at how to strengthen social security, but not as part of the process to reduce the deficit the country faces. >> there's a notion some republicans are for lack of a better word salivating at a possible it divide where you have some de
cliff done? what's your answer to that question? >> i think, first of all, many compromises have been done. for example, in the cuts issues there's been over a trillion dollars of cuts. i think democrats have demonstrated over and over again we're willing to compromise and willing to make more compromises, but it's the republicans now that need to come to the table and counter the proposal that the president put forward last week. >> part of the counter of what some republicans hope...
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387
Dec 12, 2012
12/12
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KPIX
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cliff done? >> it's on the suspension collar which means they need a two-thirds vote in the house. they think they'll get it and the senate has to pass it. >> all right. chip reid, great to see you. >> great to see you. >>> the ticket to see congress in action is one of the few tickets you can't buy on stubhub. we'll ask the president about the new challenges to stubhub's success. your local news is next. i have what science calls the nightly stuffy nose thing. i can't breathe, so i can't sleep. and the next day i pay for it. i tried decongestants... i tossed and turned... i even vaporized. and then i fought back with drug-free breathe right. these nasal strips instantly open my nose like a breath of fresh air. i was breathing and sleeping better. [ female announcer ] exercise your right to breathe right. get two free strips at breatheright.com. hey it's your right to breathe right. >> your realtime captioner: linda marie macdonald >>> it's 8:25. time for some news headlines. murder suspect antol
cliff done? >> it's on the suspension collar which means they need a two-thirds vote in the house. they think they'll get it and the senate has to pass it. >> all right. chip reid, great to see you. >> great to see you. >>> the ticket to see congress in action is one of the few tickets you can't buy on stubhub. we'll ask the president about the new challenges to stubhub's success. your local news is next. i have what science calls the nightly stuffy nose thing. i...
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Aug 28, 2012
08/12
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CNBC
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mitt romney will put together a hard-working team that will get this done. >> this fiscal cliff. the ceo says there's a recession staring us in the face and it's not going to be easy after the election. what are the romney plans? >> i believe the house and the nat in my judgment will have the majority to pass votes to put off the taxes and allow the romney administration to reform. the question is, what would a lame duck president barack obama do when such a bill comes to his desk. i think the house republicans are going to pass something like this. but if the republicans win this election, as i think they're going to, there's going to be a bunch of democrats that are not going to want to immediately come back at the election and stand in the way of republicans preventing us from going over the cliff. >> order number one. but you have to have a president coming to the end of his term that cares more about the country than his ideology. >> top romney economic adviser. up next on kudlow, kentucky republican senator rand paul is going to make his prime time to the convention tomorro
mitt romney will put together a hard-working team that will get this done. >> this fiscal cliff. the ceo says there's a recession staring us in the face and it's not going to be easy after the election. what are the romney plans? >> i believe the house and the nat in my judgment will have the majority to pass votes to put off the taxes and allow the romney administration to reform. the question is, what would a lame duck president barack obama do when such a bill comes to his desk....
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Oct 14, 2012
10/12
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CSPAN
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the house has done its work. we pass these to deal with the fiscal cliff situation. harry reid will not bring it up for a vote much less debate them. you are right. the president has been very clear that is not going to happen. if we get to a lame duck session and we have a republican congress and senate and republican in the white house, i think we would get better policy. let's wait. in tennessee in the early in 2007 when he had an affair with i was just over in the capitol building. he was presiding over the session. do you have any remarks about his conduct and whether you think he should be presiding over the chamber? >> that is a personal situation. that is something they will have to handle. >> do you think he should >> i just think anyone has called for that. it is something you have to take up with his family. they will make a decision on election day like the >> moving on to the next congress, and this past congress we have seen repeated instances where speaker bayer was able to pass a bill in the house of getting to the credit votes from his right wing. th
the house has done its work. we pass these to deal with the fiscal cliff situation. harry reid will not bring it up for a vote much less debate them. you are right. the president has been very clear that is not going to happen. if we get to a lame duck session and we have a republican congress and senate and republican in the white house, i think we would get better policy. let's wait. in tennessee in the early in 2007 when he had an affair with i was just over in the capitol building. he was...
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Dec 18, 2012
12/12
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CNBC
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it's -- it's not a recession, but it certainly isn't boss trart. >> which is why the whole fiscal cliff debate will be self-inflicted and push us into recession and sort of get us off traction. do you agree with the fact that businesses have been waiting reluctant to put money to work and once we get into the new year that changes? lot of money is free up? >> look, all the businesses that i know make decisions not based on what washington is going to do, take god, because who the hell knows what washington is going to. do they make decisions based on what they think they can do to impact their business oh, pand their business, so whether it's cost savings or whether it's revenue growth, the government's there. i am not as boss mettic about the effects of the fiscal cliff. in fact, i could argue over the long term let's have the battle now. >> go over it. go over the cliff? >> let's go over it. you know, if i were a republican, i'd say, okay, i'm going to put my offer on the table. the best i can do. i think there's a lot of ways to deal with the people of 250 and below about their taxes
it's -- it's not a recession, but it certainly isn't boss trart. >> which is why the whole fiscal cliff debate will be self-inflicted and push us into recession and sort of get us off traction. do you agree with the fact that businesses have been waiting reluctant to put money to work and once we get into the new year that changes? lot of money is free up? >> look, all the businesses that i know make decisions not based on what washington is going to do, take god, because who the...
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Nov 16, 2012
11/12
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WJLA
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. >> at the other end of pennsylvania avenue, discussions on the fiscal cliff. nancy pelosi and john boehner met with the president this morning. with six weeks left to go, work has to be done quickly. rebecca is live with more on the talks. >> the calendar is showing it is just a few weeks until we fall off the so-called fiscal cliff. that is when extended unemployment benefits will expire, tax cuts will expire, and the automatic spending cuts will go into effect. today congressional leaders were promising they would meet the deadline. >> inside the white house republican house speaker john boehner and president obama sat side by side both insisting they want and will find macdill. >> our challenge is to make sure that we are able to cooperate, work together, find common ground, make some tough compromises, build some consensus to do the people's business. >> coming out of the meeting are rare image of bipartisan ship. >> we have the recognition that every person in america knows we would not reach agreement. >> we are prepared to put everything on the table pr
. >> at the other end of pennsylvania avenue, discussions on the fiscal cliff. nancy pelosi and john boehner met with the president this morning. with six weeks left to go, work has to be done quickly. rebecca is live with more on the talks. >> the calendar is showing it is just a few weeks until we fall off the so-called fiscal cliff. that is when extended unemployment benefits will expire, tax cuts will expire, and the automatic spending cuts will go into effect. today...
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Nov 18, 2012
11/12
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CSPAN
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eye 119
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the're concerned about impact of the fiscal cliff and they want them to deal with the deficit but they don't want it done in a dramatic fashion. the president and members of congress have been consistent as well. when you have the business community and the white house getting together, the business community continues to hammer this message of needing to do something. i think the white house wants to get more ave buy in . they want to have additional leverage. >host: there a generalized message about taxes? >> that underscores that this is not just an issue where one party has a lot at stake. this is everybody in the community that has a lot at stake including business leaders and ceo's. at the end of the day, it will be the conversation that happens between president obama, house speaker john boehner, senate majority leader harry reid, and a lot of their colleagues and people from the business community need to tell them and put the pressure on them to say this is serious and we're getting to the 11th hour. host: both of you were asking questions of the governor about whether the dyn
the're concerned about impact of the fiscal cliff and they want them to deal with the deficit but they don't want it done in a dramatic fashion. the president and members of congress have been consistent as well. when you have the business community and the white house getting together, the business community continues to hammer this message of needing to do something. i think the white house wants to get more ave buy in . they want to have additional leverage. >host: there a generalized...
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Dec 22, 2012
12/12
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CSPAN
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last night's vote showed us the resolving the challenge of the fiscal cliff cannot and will not be done with a partisan vote. it showed us that we must work together in a bipartisan way, he and that we must preclude going over the fiscal cliff, by a balanced agreement that democrats and republicans him support, the president can sign, and that can pass the senate. we should not seek taxes go up on working-class americans. we should not see doctors put a risk in terms of their delivery of services to seniors. we should not see the alternative minimum tax and put at risk. we need to lend confidence to our country. some years ago, he confronted partisan gridlock. newt gingrich and bill clinton got together to reach an agreement it was very controversial. newt gingrich said -- this is october 20, 1998. "i will say to each and every member of this house, unless they have a plan they think can get 218 votes over here, can pass through a filibuster in the senate, and get signed, there is no responsible vote except yes." america expects its congress to get to yes. we are prepared to work with t
last night's vote showed us the resolving the challenge of the fiscal cliff cannot and will not be done with a partisan vote. it showed us that we must work together in a bipartisan way, he and that we must preclude going over the fiscal cliff, by a balanced agreement that democrats and republicans him support, the president can sign, and that can pass the senate. we should not seek taxes go up on working-class americans. we should not see doctors put a risk in terms of their delivery of...
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Dec 9, 2012
12/12
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FOXNEWSW
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what are the odds of a deal getting done before disaster strikes in the fiscal cliff. we have optimism that our elected officials will rise to the occasion. >> i think everyone realizes how important it is. our economy is moving up some. not fast but some, and to go over the cliff would be terrible. i think we'll get an agreement. the reason i think we'll get an agreement, what's standing in the way is revenues, particularly making that top rate go up to 39.6 but we're seeing real progress. >> a unique moment in history where every developed country in the world, economists on both sides of the aisle, know the greatest threat to our country is fiscal solve advancecy. the minority party is trying to leverage the country into doing something great for our nation. it's a unique time and i hope the president soon will see the light. >> joining me the chris wallace. good morning. >> good morning, jamie. >> interesting interviews with optimism. do you think that -- they really believe a deal will happen and is each side willing to make a move? >> well, both senators said the
what are the odds of a deal getting done before disaster strikes in the fiscal cliff. we have optimism that our elected officials will rise to the occasion. >> i think everyone realizes how important it is. our economy is moving up some. not fast but some, and to go over the cliff would be terrible. i think we'll get an agreement. the reason i think we'll get an agreement, what's standing in the way is revenues, particularly making that top rate go up to 39.6 but we're seeing real...
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Dec 17, 2012
12/12
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CNBC
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fiscal cliff, let's assume we get a deal done. something's got to give. so when you look out to 2013, then, what do you see that either encourages you or concerns you? >> well, once we get past the fiscal cliff. we think then you are dealing with the continued anemic recovery we have been talking about for so long. our estimate of fair value for 2013 is about 1410. it is a little lower than today. we think it'll be a year of two-haves. the first year will be more skub exuberant. >> the cliff is an event that will eventually be out of the way. and then what? to what extent do we see business sentiment impacted and how strong will they be in 2013? >> that's important. post credit adjustments don't last forever. we have seen about a trillion dollar decline in consumer debt outstanding. since the beginning of 2008. much larger declines, if you look at debt service burdens. corporate sector has really well positioned. and we had an epic housing downturn. easily the worst since the 1930s. these low levels of recovery don't suggest catching up. since 2011 we hav
fiscal cliff, let's assume we get a deal done. something's got to give. so when you look out to 2013, then, what do you see that either encourages you or concerns you? >> well, once we get past the fiscal cliff. we think then you are dealing with the continued anemic recovery we have been talking about for so long. our estimate of fair value for 2013 is about 1410. it is a little lower than today. we think it'll be a year of two-haves. the first year will be more skub exuberant. >>...
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Dec 14, 2012
12/12
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FOXNEWSW
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cliff deal done before christmas. what they are focused on is a so-called plan "b" where the house in the next few days may pass extension of the middle class tax cuts. the old bush tax cuts. then let the tax rates for the rich go up and fight it out in january and february over spending cuts. we'll see whether or not conservative goes along with that, if speaker boehner was party to that. the second big story is susan rice. in the last couple of hours calling the president and saying she is pulling her name out of consideration for secretary of state, all because of the controversy over benghazi, her reaction to the terror attack, whether or not she misled the public. bottom line this puts john kerry, democratic sources say, as the likely contender to be secretary of state i'm seeing the suvs pull up with speaker boehner right now. both the stories breaking right as we speak. you will see speaker boehner in a moment. but bottom line is you will remember at the post election news conference, the president made a big d
cliff deal done before christmas. what they are focused on is a so-called plan "b" where the house in the next few days may pass extension of the middle class tax cuts. the old bush tax cuts. then let the tax rates for the rich go up and fight it out in january and february over spending cuts. we'll see whether or not conservative goes along with that, if speaker boehner was party to that. the second big story is susan rice. in the last couple of hours calling the president and saying...
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Oct 20, 2012
10/12
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CSPAN
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the fiscal cliff at the end of the year and the future tax reform. >> thank you both for joining us. >> thank you. [applause] >> let's talk about what can be done. >> sure, there is a lot that can be done. it's time to get it done. we in march of this year, the c.e.o.s of the business roundtable put our plan for action of america, a c.e.o. plan for jobs and economic growth. the plan is still good. the taking action part, well, we're still waiting. what can be done in the short term and we looked at the lame duck history. it's pretty dismal going back to the 1930's, not much gets done in that period. i think in the short term, you can certainly get the fiscal cliff, i have described the fiscal cliff as sort of pikes peek in front of us, we didn't get the tax rates dealt with. we had 60 tax codes expired at the end of 2011. there are 40 or more scheduled to go next year. we don't really have a tax code in the country to speak of. it's all in pieces and expiring. you need some certainty. you're trying to file a 2012 tax return, you don't know if the provisions that expired in 2011 are g
the fiscal cliff at the end of the year and the future tax reform. >> thank you both for joining us. >> thank you. [applause] >> let's talk about what can be done. >> sure, there is a lot that can be done. it's time to get it done. we in march of this year, the c.e.o.s of the business roundtable put our plan for action of america, a c.e.o. plan for jobs and economic growth. the plan is still good. the taking action part, well, we're still waiting. what can be done in the...
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Dec 18, 2012
12/12
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CNBC
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cliff done. >>> four trends that could shock you in 2013. a tom tech pro giving you an early look. stick around. langone. >> did you see shares of apple today climbing nearly 3%, but still 21% below its peak. will we see it go up or drop before it reaches that level. two days together, a pretty good price action. >> you have a lot of people chasing this baby. this is what people do with apple. freak out when it goes down and chase it going up. >> i would say 550. >> i say 550 because it's closer to 500. i am long. >> what did we say about the market earlier on the show, you will have apple. if the market will go somewhere in the next five years, get to 1550, buttal.is going to 550 before it goes to 500 in this market environment. >> scares me. the momentum is behind it now and momentum shot. people overshot it on the downside and on the up side. i don't know we will see 580ish level. >> it will be tough to replicate the events. how many sell ciders got bearish at 591. if that's what you want. i rarely get an opportunity to buy apple and we d
cliff done. >>> four trends that could shock you in 2013. a tom tech pro giving you an early look. stick around. langone. >> did you see shares of apple today climbing nearly 3%, but still 21% below its peak. will we see it go up or drop before it reaches that level. two days together, a pretty good price action. >> you have a lot of people chasing this baby. this is what people do with apple. freak out when it goes down and chase it going up. >> i would say 550....
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Nov 21, 2012
11/12
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CNBC
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we'll have a sudden fiscal cliff? >> i worry about the damage that mighting done in fixing it. you don't think the tax increases that could come at the end of the year and the spending cuts of less 100 build, you don't think those would in deuce a severe recession and everybody on wastreet? >> they are not that big of rate increases so far. welcome to the show and what would you do about it? >> they are proposing letting the bush tax cuts stand for everyone because the top 2%. if you raise them and closing the interest loop hole, fixing the estate tax you come out to $100 trillion in savings. >> serious question, you have a famous name and we welcome you onto the program. do you record that as rich? >> what i regard is irrelevant haven't, the fact of the matter is they represent the bottom of the 2% of easternrners in the country. the question is an interest heihe i interesting one. we have been cherry picking the stories. the fact is that 3% of businesses will be affected by these increases. could be a big three percent though. let me go back to casey mulligan. i believe she i
we'll have a sudden fiscal cliff? >> i worry about the damage that mighting done in fixing it. you don't think the tax increases that could come at the end of the year and the spending cuts of less 100 build, you don't think those would in deuce a severe recession and everybody on wastreet? >> they are not that big of rate increases so far. welcome to the show and what would you do about it? >> they are proposing letting the bush tax cuts stand for everyone because the top 2%....
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cliff once done americans will realize it was just a speed bump nothing like the film and louise fears being hyped by the so-called deficit hawks. it's one zero you ready to rumble joining me that i belong over all our francesca chambers editor and publisher of red alert politics and marc harrold libertarian tourney libertarian commentator attorney and author i've got to start start talking more slowly thank you both for joining us ok so i say let's take the plunge let's leap off the fiscal cliff francesca talk me off the edge so actually in the spirit of things giving i'm going to start with something we agree on i think that you could actually get a lot of republicans particularly those like rand paul and others to agree with you on the drone part of what you propose so i think we can all agree on that so we'll start with that all right well that's a good start mark absolutely i agree that this could be a real opportunity we do need to have a robust debate i don't agree that we just jump off the cliff i think if we think we're going off the cliff we have to take some common sense ste
cliff once done americans will realize it was just a speed bump nothing like the film and louise fears being hyped by the so-called deficit hawks. it's one zero you ready to rumble joining me that i belong over all our francesca chambers editor and publisher of red alert politics and marc harrold libertarian tourney libertarian commentator attorney and author i've got to start start talking more slowly thank you both for joining us ok so i say let's take the plunge let's leap off the fiscal...
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Dec 20, 2012
12/12
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MSNBCW
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. >> we should be able to get something done. >> thank you. ♪ >>> it is 12 days to the fiscal cliff, five days to christmas, and one day before some people believe the world will come to an end. so why is house speaker john boehner wasting everyone's time? after almost reaching a deal with the president, boehner is now spending his third day trying to whip up votes to pass a bill that has zero chance of becoming law, zero chance of being in a final agreement. it's known as plan b, and it's getting support from some unexpected democratic quarters. >> i actually got really excited when i heard speaker boehner talking about plan b because i thought finally they have made progress on a really important women's health issue i have been working on. >> no, sorry, that was a little joke from democratic senator patty murray referring to a method of birth control. in fact, spokesman jay carney got it a business closer at the white house briefing. >> instead of taking the opportunity that was presented to them to continue to negotiate what could be a very helpful, large deal for the american pe
. >> we should be able to get something done. >> thank you. ♪ >>> it is 12 days to the fiscal cliff, five days to christmas, and one day before some people believe the world will come to an end. so why is house speaker john boehner wasting everyone's time? after almost reaching a deal with the president, boehner is now spending his third day trying to whip up votes to pass a bill that has zero chance of becoming law, zero chance of being in a final agreement. it's known...
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Dec 24, 2012
12/12
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FBC
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i think it is crystal clear that he wants to go off the fiscal cliff. david: let's be clear about what he has done and wants to do. he increases 25% of the baseline. if we go over the fiscal cliff, he gets a lot more money. it is not just rich people paying out. he will get a lot more money, so he does want that. he will get a cut into military. if anything goes wrong, he can blame republicans for it. >> right. from his standpoint, it is a win-win across the board to go over the cliff, have the automatic sequester cuts, take the tax increases, go back to the clinton era rates and that when the economy reacts, as it most certainly will, negatively, then he will blame the republicans for putting us into a recession. david: let's put a fine point on that. what we are suggesting here, they call it an outrageous suggestion, that the president is willing to send this country into a recession to get what he wants. you are really saying that? >> i think that he is willing to gamble. i believe that the president and his advisors have looked at the history of con
i think it is crystal clear that he wants to go off the fiscal cliff. david: let's be clear about what he has done and wants to do. he increases 25% of the baseline. if we go over the fiscal cliff, he gets a lot more money. it is not just rich people paying out. he will get a lot more money, so he does want that. he will get a cut into military. if anything goes wrong, he can blame republicans for it. >> right. from his standpoint, it is a win-win across the board to go over the cliff,...
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871
Dec 29, 2012
12/12
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WETA
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>> i think there's a chance he will br just right enough to get something done on the fiscal cliff. we saw the president this harch meet with the bipartisan leadership in congress. remember the republicans because of the intransigence we talked about their caucus sought the speaker es plan for a plan b. that weakened the republican negotiating position . and now the president has maximum leverage because the tax cuts are due to expire by the end of the year. mitch mcconnell said he was hopeful and optimistic that they could get a deal that they could pass. the reason that that could happen if mitch mcconnell lets it happen, john boehner may feel no option but to put that on the floor for pass adge whether or not most republicans are for it. that would be the realization of that -- >> wouldn't that violate the principle that would have govern the policy that nothing wowlingd pass unless the yort of the majority support it. >> it would violate the principle. some democrats think that mitch mcconnell is ready to force john boehner's hand. we know the republicans are going to lose the f
>> i think there's a chance he will br just right enough to get something done on the fiscal cliff. we saw the president this harch meet with the bipartisan leadership in congress. remember the republicans because of the intransigence we talked about their caucus sought the speaker es plan for a plan b. that weakened the republican negotiating position . and now the president has maximum leverage because the tax cuts are due to expire by the end of the year. mitch mcconnell said he was...
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Dec 12, 2012
12/12
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i think the fiscal cliff is this false deadline. this is a crisis that is entirely created by congress and the president. you pick the right four things. the amt, unemployment, extended benefits, and i think there is a little more wiggle room on that one, but it is an issue, and the state tax. these things are critical. they have to be done. they will have to make some sort of decision as to what to do on the sequester and tax policy. my recommendation would be they simply extend all current policy with regard to those two. they are running out of time. the president is going off to hawaii shortly. it is not the time to go through complex policy issues because you will give them the short shrift. they should accept them. when the cr expires, that gives them the more hard deadlines when issues need to be addressed. these are strongly agreed to by partisan issues, raise the retirement age for medicare. take care of reducing subsidies and medicare by testing premiums, at a premium for part a. then there is further means testing that co
i think the fiscal cliff is this false deadline. this is a crisis that is entirely created by congress and the president. you pick the right four things. the amt, unemployment, extended benefits, and i think there is a little more wiggle room on that one, but it is an issue, and the state tax. these things are critical. they have to be done. they will have to make some sort of decision as to what to do on the sequester and tax policy. my recommendation would be they simply extend all current...
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Dec 30, 2012
12/12
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cliff, and most of the conversation has been about taxes and the white house has done an excellent job, by dealing with the house, and all the messaging today and the weekend about how this is about republican intransigence on taxes. we have seen that. there is as much gap 20 president and his party in congress on spending cuts as there is between john boehner and his caucus on taxes. there is great distance in how far that party has to go to come together to do the kind of entitlement cuts that we still need to see at some time, whether this month or this year or next year. there's a long way to go. they have never been as close as people think on this topic. >> o'donnell: that's interesting, you're saying in terms of messaging the white house has done a good job in keeping this-- >> brilliant. right on taxes. on spending, every time the white house suggested a little bit of spending cuts, social security, med character immediately the democratic caucus said no. >> o'donnell: isn't that the thing about the boehner deal the president said this morning, he was willing to go father on sp
cliff, and most of the conversation has been about taxes and the white house has done an excellent job, by dealing with the house, and all the messaging today and the weekend about how this is about republican intransigence on taxes. we have seen that. there is as much gap 20 president and his party in congress on spending cuts as there is between john boehner and his caucus on taxes. there is great distance in how far that party has to go to come together to do the kind of entitlement cuts...
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Dec 21, 2012
12/12
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what we have done by debating the fiscal cliff as long as we have knowing as i said i do not believe we will actually go over it, i am not really clear what we are doing today unless that is to cut and run. in the process, the majority has presided over shameful legislation not worthy of the institution. when the nation is in desperate need of serious solutions, the majority is doing everything to avoid finding the answers. i strongly oppose the house before us. i urge my colleagues on both sides of the aisle to oppose the role and the legislation and the reserve the balance of my time. >> the gentleman from california. >> i agree with her completely, mr. speaker. it is very important that we do not let the sequestered to place. i hope and believe she is right that we will not see that happen. i would also like to associate myself with her remarks as it relates to ensuring that we do not go over the fiscal cliff. that is something that is very desired on our part as well. i would also like to respond to one. very quickly before a yield to my good friend from roseville. we would not b
what we have done by debating the fiscal cliff as long as we have knowing as i said i do not believe we will actually go over it, i am not really clear what we are doing today unless that is to cut and run. in the process, the majority has presided over shameful legislation not worthy of the institution. when the nation is in desperate need of serious solutions, the majority is doing everything to avoid finding the answers. i strongly oppose the house before us. i urge my colleagues on both...
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Dec 29, 2012
12/12
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what speaker boehner has done is create a situation in which we are going to go over the fiscal cliff. but the people who want higher taxes, the democrats they will not be ready for it. it was john boehner that walked away the negotiations to try plan-b and then it was mr. boehner who failed to pass the plan. and then it was mr. boehner who said it was somebody else's problem. what he has done is a debacle for the republicans. the white house has been sitting back and letting it happen. you can call it deal and jam. >> i am optimistic that we can reach an greept that can pass both houses in time. senators reed and mcconnell are working on such an agreement as we speak. but, if an agreement is not reached in time, between reed and mcconnell, i will urge senator reed to bring to the floor a basic package for an up or down vote, one that protects the middle class from an income tax hike and extends the vital life line of unemployment insurance for two million americans looking for a job and lays the groundwork for more cooperation on deficit reduction and economic growth. guys, i can hea
what speaker boehner has done is create a situation in which we are going to go over the fiscal cliff. but the people who want higher taxes, the democrats they will not be ready for it. it was john boehner that walked away the negotiations to try plan-b and then it was mr. boehner who failed to pass the plan. and then it was mr. boehner who said it was somebody else's problem. what he has done is a debacle for the republicans. the white house has been sitting back and letting it happen. you can...
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Dec 22, 2012
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cliff deal done. >> rick: speaking of both parties being involved, the president has to wonder who he's negotiating with, john boehner after he was not able to rally the troops? who is he supposed to be talking to? >> look, there is no substitute for him talking with john boehner and it will get a deal done, it will be obama and boehner. there is nobody -- the talk about somehow or another, boehner's speakership being in jeopardy, that is nonsense, no one is coming behind him and senator mcconnell, the republican leader of the senate is up for re-election and as we saw in the senate race in kentucky a few years ago, he may have to worry about a challenge from the right if he supports a tax increase. i think president obama is doing the only sane thing he can, which is reach out to the speaker and he controls the house and, that is -- and the good news for the president is the public seems by all the polls, by the fact the election came out the way it did, to be in his corner, not the speaker's. >> rick: the president -- you want to weigh in on that? >> i just -- >> rick: americans are i
cliff deal done. >> rick: speaking of both parties being involved, the president has to wonder who he's negotiating with, john boehner after he was not able to rally the troops? who is he supposed to be talking to? >> look, there is no substitute for him talking with john boehner and it will get a deal done, it will be obama and boehner. there is nobody -- the talk about somehow or another, boehner's speakership being in jeopardy, that is nonsense, no one is coming behind him and...
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Jun 8, 2012
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it was -- what i thought something had to be done on the fiscal cliff before the election. apparently nothing has to be done until the first of the year. >> republicans were quick to tout clinton's original comments. david axelrod says despite the so-called controversy, if you want to call it that, the former president remains a crucial asset to the campaign. >> i'm not asking for an apology from bill clinton. i have deep admiration from bill clinton and i watched this parade of republicans saying oh, you know, we ought to listen to bill clinton. they should listen to bill clinton. bill clinton understands what it takes to gre this economy. he understands that we can't cut our way to prosperity. he understands that we have to bring these deficits down in a responsible way. there's no separation between him and this president. they have the same understanding of how you grow the economy. >> you want him to go out there and campaign? >> i think he's a tremendous asset to us. i have no compunction about that. >> we move on to business now, where fed chairman ben bernanke says
it was -- what i thought something had to be done on the fiscal cliff before the election. apparently nothing has to be done until the first of the year. >> republicans were quick to tout clinton's original comments. david axelrod says despite the so-called controversy, if you want to call it that, the former president remains a crucial asset to the campaign. >> i'm not asking for an apology from bill clinton. i have deep admiration from bill clinton and i watched this parade of...
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Dec 21, 2012
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cliff deal done. with plan b failing pretty miserably, a lot of traders can't see a scenario where this can get done. you can bet they're going to see what the president is going to say because that is a major market lower. look at oil, this morning we are above 90. yesterday looks like we are on our way, demand should be getting better and economy getting better and throw everything out of the garbage, we are down $1.56. what adds to the negative momentum is reports from the petroleum institute, the month of november, u.s. petroleum use was at a 17 year low. that is minuscule to what we were doing during the years a few years ago. futures are down today rallying quite a bit. u.s. gasoline use is up until this year at the lowest level since 2001. that is a pretty incredible number. oil production in the u.s. is at the highest level since 1995 so we have more production. less demand, and that is weighing on prices. we are a futures markets. we have been rallying, and if we go off of the cliff very bear
cliff deal done. with plan b failing pretty miserably, a lot of traders can't see a scenario where this can get done. you can bet they're going to see what the president is going to say because that is a major market lower. look at oil, this morning we are above 90. yesterday looks like we are on our way, demand should be getting better and economy getting better and throw everything out of the garbage, we are down $1.56. what adds to the negative momentum is reports from the petroleum...
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Dec 24, 2012
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cliff, would it be your advice to him to try to draft and bring some sort of legislation to the floor that was a bipartisan effort to discuss this? >> well, i mean, i think there's a bigger question to be answered, first, and, i mean, part of the dynamic -- whenever you have something like this occur, it's just so horrific, and it sort of shocks the country. what you unfortunately get sometimes is people pointing at each other to blame each other. it's the right blaming the left for the cultural dynamic, and it's the left blaming the right because of allowing guns to sort of be on the street and so have you this dynamic. ultimately the problem is how do we solve this problem, and i think the dynamic here is also we have to address a really serious problem. that is what do we do with people who are clearly mentally ill that we are aware of that are mentally ill, and you saw this happen with gabby giffords and in terms of columbine. obviously, this incident as well. virginia tech. what do you do when you recognize someone that's got a mental illness problem that could be a threat, and h
cliff, would it be your advice to him to try to draft and bring some sort of legislation to the floor that was a bipartisan effort to discuss this? >> well, i mean, i think there's a bigger question to be answered, first, and, i mean, part of the dynamic -- whenever you have something like this occur, it's just so horrific, and it sort of shocks the country. what you unfortunately get sometimes is people pointing at each other to blame each other. it's the right blaming the left for the...
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Dec 5, 2012
12/12
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cliff he has done nothing to demonstrate it. but even as the democrats pound him from the left, he is taking punches from the right. the leader of the right's rebellion is, of course, grover norquist. he said the president has installed himself at loyalty, and boehner is not being sufficiently revolutionary. >> he thinks someone made him king. he doesn't have the mandate that he thinks he does. i think he takes us over the cliff because he has got blinders on. he doesn't see where he stands in the universe. >> jennifer: or where he stands? where the president stands? he's leader of the free world for goodness sakes. but back to the tea party senator jim demint, who was riding first class on the tea party express, he tweeted that boehner's propose is an $800 billion tax hike that will destroy jobs and allow politicians to spend even more. not so fast, demint. there is yet another front in this revolution. conservative columnist jennifer ruben dismissed demint's rhetoric and says the votes of demimit t al are no votes. oh please,
cliff he has done nothing to demonstrate it. but even as the democrats pound him from the left, he is taking punches from the right. the leader of the right's rebellion is, of course, grover norquist. he said the president has installed himself at loyalty, and boehner is not being sufficiently revolutionary. >> he thinks someone made him king. he doesn't have the mandate that he thinks he does. i think he takes us over the cliff because he has got blinders on. he doesn't see where he...
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Nov 12, 2012
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all that suggests to me is the president says starting on the fiscal cliff, i'm willing to have two to three to one spending reductions versus the tax increases and a pro-growth tax reform package. you can get something done there. >> chris: laura, president's second terms are notoriously difficult. the fact is that although the president won re-election he didn't give as much of an agenda for the second term during the campaign. what do you expect from him now that he no longer has to worry again about re-election? >> it's instructive to go to 2010 when the republicans had a great mid-term election. for republicans thinking that compromise is the answer for their political future, i would say think about what president obama did that actually ended up helping him win huge re-election victory. he decided not to moderate, not to compromise on any issue. he decided to double down on liberalism and he marketed in a few way and sold it to latinos an he found inflection points with women voters. he did it masterfully. with jim messina and the whole crew and re-election team. i think republi
all that suggests to me is the president says starting on the fiscal cliff, i'm willing to have two to three to one spending reductions versus the tax increases and a pro-growth tax reform package. you can get something done there. >> chris: laura, president's second terms are notoriously difficult. the fact is that although the president won re-election he didn't give as much of an agenda for the second term during the campaign. what do you expect from him now that he no longer has to...
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Dec 29, 2012
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tonight's question, in light of the president's remarks, will a fiscal cliff deal get done? text "a" for yes, text "b" for no to 622639 or go to our blog at ed.msnbc.com. i'll bring you the results later in the show. joining me now is sheldon whitehouse from rhode island. thank you for joining us. >> thank you for having me. >> sir, this is serious, this is even dire. are you encouraged by the meeting today and the president's remarks in the aftermath of that meeting? >> well, i think that the decision to move the forum for the negotiations to the senate was a necessary one. i have a lot of confidence in harry reid's negotiating ability. mitch mcconnell is a veteran negotiator, and i think there's a far better prospect of something being worked out in the senate than there was dealing with speaker boehner and his completely dysfunctional house republican party. >> sure. well, abiding by convention and of course protocol, the senate won't return until sunday. will there be enough time for the senate leaders to really craft a deal that is substantiative and makes a difference,
tonight's question, in light of the president's remarks, will a fiscal cliff deal get done? text "a" for yes, text "b" for no to 622639 or go to our blog at ed.msnbc.com. i'll bring you the results later in the show. joining me now is sheldon whitehouse from rhode island. thank you for joining us. >> thank you for having me. >> sir, this is serious, this is even dire. are you encouraged by the meeting today and the president's remarks in the aftermath of that...
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Dec 14, 2012
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. >>> let's turn to the fiscal cliff, the frank meeting between president obama and john boehner. i believe they just called each other names for 50 minutes and walked out with no deal being done. but look at the footage from the ukraine parliament. just when you think washington is the worst in the world at doing things together, look at these clowns, this is quite amazing. this is the ukraine parliament erupting into open physical warfare. now, there is a view that a good old punch-up does tend to resolve these things. maybe john boehner and barack obama should just square off, get in a ring and slug each other out. >> this isn't the first time this thing happened. this happens all the time in the ukraine. >> or the british parliament. it's far more interesting and far more fun when you can throw a little humor and punches. maybe they need to get it out of their systems. >> but british you have rhetorical punches. >> on a vaguely serious point though, margaret hoover, let me ask margaret first and then you marjorie, are we going to get a deal done before christmas? all the hints
. >>> let's turn to the fiscal cliff, the frank meeting between president obama and john boehner. i believe they just called each other names for 50 minutes and walked out with no deal being done. but look at the footage from the ukraine parliament. just when you think washington is the worst in the world at doing things together, look at these clowns, this is quite amazing. this is the ukraine parliament erupting into open physical warfare. now, there is a view that a good old...
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avoid this fiscal cliff. so here is what should be done, i think. we should give people who have the power to decide something, that is people who can negotiate and who can carry the results of their agreement. and sit down and start talking to each other and listen to each other. the way to go about it, i think, is to start by saying, what are our long-term objectives. then, you try to put in place the kind of measures that deal with the immediate problem, but also compatible with a long-term problem. obviously, what we want is an economy with risk expansion without inflation. that's where we want to go. everybody would say that. as a matter of fact, that is the way you produce tax revenues. expansion. so we have to say to ourselves, what gets us there? you mentioned the 1986 tax act. in many respects it was put forward by president reagan. it was scored, as i remember, by the staff of the joint committee at the time. everybody accepted the scoring. in the end, it was introduced in the house by a kephart was
avoid this fiscal cliff. so here is what should be done, i think. we should give people who have the power to decide something, that is people who can negotiate and who can carry the results of their agreement. and sit down and start talking to each other and listen to each other. the way to go about it, i think, is to start by saying, what are our long-term objectives. then, you try to put in place the kind of measures that deal with the immediate problem, but also compatible with a long-term...
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Dec 21, 2012
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to avoid the fiscal cliff. bring in the panel. steve hayes for "weekly standard" with us, as well as a.b. stoddard associate editor of the hill. syndicated columnnist charles krauthammer. this was your lightning round topic but we are moving it up so you start us off. are we going to get a deal before the 2nd of january or go tumbling off the cliff? >> it looks more and more likely that we will go off the cliff. president obama will make an evident at a band aid. disappointing deal. won't get debt reduction, or affect the entitlement liability. it's very disappointing the situation we're in. no one tried harder than boehner to get a deal but it's beyond his criminal at thi cont. president obama plan "a" was nev enough. they don't like raising taxes and to get debt ceiling increase put off for a year or two they are looking for deep spending cuts. they don't want to waive the sequester or pause sequester. they want in addition to the sequester another $1 trillion in cuts. so the two sides are so far apart. if pr
to avoid the fiscal cliff. bring in the panel. steve hayes for "weekly standard" with us, as well as a.b. stoddard associate editor of the hill. syndicated columnnist charles krauthammer. this was your lightning round topic but we are moving it up so you start us off. are we going to get a deal before the 2nd of january or go tumbling off the cliff? >> it looks more and more likely that we will go off the cliff. president obama will make an evident at a band aid. disappointing...
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Dec 21, 2012
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go over the fiscal cliff. deal is not done. obama lets the bush tax cuts expire. back to a higher tax rate. then he is going to come back and say you know what? let's go back and make the tax cuts, obama tax cuts for the 98% he wanted to before. if you are republican hard to vote against the tax cut. >> kimberly: deliver. >> eric: the pro-- >> bob: the proposal boehner had is make sure they didn't have the, increase. >> eric: 99. >> bob: whatever. >> greg: got plans for weekend? i'm thinking about renting movies. i'm not sure that tom cruise can play jack reacher. i love the books. it's like watching junkies vote if they cut off their own heroin. you get luck expecting bees to been a honey went're on plan "b" and there are 24 other letters in the alphabet. this could go on for quite a while. watching the process is hanging around as a mechanic as he works on your car. best to leave it alone. go home. wait for the phone call. then you come back and you pick up the car. if the car is not working screw it. you move to high. >> kimberly: filibuster. >> greg: filigrege
go over the fiscal cliff. deal is not done. obama lets the bush tax cuts expire. back to a higher tax rate. then he is going to come back and say you know what? let's go back and make the tax cuts, obama tax cuts for the 98% he wanted to before. if you are republican hard to vote against the tax cut. >> kimberly: deliver. >> eric: the pro-- >> bob: the proposal boehner had is make sure they didn't have the, increase. >> eric: 99. >> bob: whatever. >> greg:...
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Dec 24, 2012
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cliff. there have been a few conversations going on at the staff level but really the expectation is that the hard work is going to get done when lawmakers return to washington after the christmas holiday, a little bit later on this week. that's when they're going to resume negotiations in earnest. of course there had been hopes that the president and house speaker john boehner were going to get a deal done. if you looked at the beginning of last week, they were getting close to a deal it appeared but that fell apart and talks fell apart. president obama said i will accept a smaller deal as long as it doesn't allow rates for those to go up for those making $250,000 or less. over the weekend you had a few senators, including senator joe lieberman saying they believe now more than ever we may be getting closer to actually going over the fiscal cliff. that is of course hanging over the heads of a lot of americans as they enter this holiday season and also looming over this vacation the presiden
cliff. there have been a few conversations going on at the staff level but really the expectation is that the hard work is going to get done when lawmakers return to washington after the christmas holiday, a little bit later on this week. that's when they're going to resume negotiations in earnest. of course there had been hopes that the president and house speaker john boehner were going to get a deal done. if you looked at the beginning of last week, they were getting close to a deal it...
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Dec 27, 2012
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talk about what the impact of the fiscal cliff has done to the oil market. take a look at oil prices today. since christmas, we are up about 3%. take a look at the volume. if you look at the volume of trading, and "wall street journal" was onto this first talking about the falloff of volume in november, but it has really continued. take a look at what the normal average volume is and where we are today. by the way, out at the exxon mobil refinery, and caught this caught by the way, is one of the nation's newest refineries. a little news out here as we speak today. they have to report this to the federal government because -- liz: we are having some technical difficulties with jeff flock. working on a solution to the debt crisis. first, some of today's winners, s&p. ♪ >> announcer: you never know when, but thieves can steal your identity and turn your life upside down. >> hi. >> hi. you know, i can save you 15% today if you open up a charge card account with us. >> you just read my mind. >> announcer: just one little piece of information and they can open b
talk about what the impact of the fiscal cliff has done to the oil market. take a look at oil prices today. since christmas, we are up about 3%. take a look at the volume. if you look at the volume of trading, and "wall street journal" was onto this first talking about the falloff of volume in november, but it has really continued. take a look at what the normal average volume is and where we are today. by the way, out at the exxon mobil refinery, and caught this caught by the way, is...
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Dec 30, 2012
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today's only job is to come up with a deal that ainvestigators going over the fiscal cliff and anything other than that is absolute irresponsibility you congressional malpractice. >> any deal? in other words, say some sort of temporary fix or have to be that long-term overhaul? >> i don't think -- at this point, beggers can't be choosers. i don't think we are going to get a grand bargain. i don't think we are going to get a big deal with long-term stuff a lot of people object to that, they will call that kicking the can down the road, you know what martin, they are absolutely right. once again, we will kick the can down the road, but that's what happens, when you back yourself into a corner, we did this with the debt ceiling, we did this with the government shutdown, the way we do business now, we should get used to it, that's how things are done t is the 11th hour we need an 11th hour deal. 11th hour deals are never particularly good. everybody is going to give something up. i just hope they all prepare to give something up and get a deal. it is not going to be pretty. i will be here t
today's only job is to come up with a deal that ainvestigators going over the fiscal cliff and anything other than that is absolute irresponsibility you congressional malpractice. >> any deal? in other words, say some sort of temporary fix or have to be that long-term overhaul? >> i don't think -- at this point, beggers can't be choosers. i don't think we are going to get a grand bargain. i don't think we are going to get a big deal with long-term stuff a lot of people object to...
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Dec 10, 2012
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this fiscal cliff is a perfect example of it. and i think we're starting to see a little movement. i'm pleased to see that happening. i'm glad speaker boehner met with the president yesterday. that's a positive step and i'm an optimist, so i hope that that continues. >> come see us if you decide to run for governor. we'll have a nice platform for you right here. thank you, charlie crist, democrat of florida. >>> up next, the latest sighting of mitt romney in a place you'd never expect, never. this is "hardball," the place for politics. [ man ] ring ring... progresso this reduced sodium soup says it may help lower cholesterol, how does it work? you just have to eat it as part of your heart healthy diet. step 1. eat the soup. all those veggies and beans, that's what may help lower your cholesterol and -- well that's easy [ male announcer ] progresso. you gotta taste this soup. then i read an article about a study that looked at the long term health benefits of taking multivitamins. they used centrum silver for the study... so i guess my wife was right. [ male announcer ] centrum. alw
this fiscal cliff is a perfect example of it. and i think we're starting to see a little movement. i'm pleased to see that happening. i'm glad speaker boehner met with the president yesterday. that's a positive step and i'm an optimist, so i hope that that continues. >> come see us if you decide to run for governor. we'll have a nice platform for you right here. thank you, charlie crist, democrat of florida. >>> up next, the latest sighting of mitt romney in a place you'd never...
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there was a lot of hope that some of these things would get done if fiscal cliff could be put off the table. it's not going to happen. >> when you talk about not enough goodwill, that's true when the cameras are on. when the cameras are off a lot of these people like each other, they're collegial, they're very much a family, at least in the senate, probably in the house, too. there's three people who are leaving so today being the final day, there are going to be a lot of people saying good-bye to dick lugar, kent conrad, and herb kohl. >> there is a little bit of that going on. it's funny because there were good-bye speeches given before christmas but a lot of those senators are speaking again and so they're certainly milking this for all it's worth because they're here until thursday morning when the new congress begins in the afternoon. >> all right. ed, thanks so much for joining us. still to come, toure's thoughts on this cliff-mas eve. ♪ [ male announcer ] why do more emergency workers everywhere trust duracell...?? duralock power preserve. locks in power for up to 10 years in
there was a lot of hope that some of these things would get done if fiscal cliff could be put off the table. it's not going to happen. >> when you talk about not enough goodwill, that's true when the cameras are on. when the cameras are off a lot of these people like each other, they're collegial, they're very much a family, at least in the senate, probably in the house, too. there's three people who are leaving so today being the final day, there are going to be a lot of people saying...
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Dec 6, 2012
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so i don't think it's a good idea at all to go off the fiscal cliff. >> first of all, two questions, would you be willing to work through the christmas holiday to make sure this gets done? >> absolutely. >> second question, what about foregoing any pay until you solve this problem? >> well, the problem with that is there are 535 of us and i'm willing to solve the problem and compromise. i don't want to be penalized because of somebody else. >> fair enough. congressman connolly, we thank you for being here. i take it that means you want to keep collecting your paycheck. >> i want to get something done for the american people and in congress of two years the people get to throw us out of office if we didn't do our job. >> thank you, fair enough. glad you got that cough under control. tomorrow maryland senator ben cardin will be here and talk about fiscal cliff as well at 7:00. you can send in questions to mailbag@wusa9.com or leave a post on the wusa9 facebook page. >>> if you want to blow up a bank atm, you better bring a lot of firepower. around 4 a.m. this morning somebody tried to
so i don't think it's a good idea at all to go off the fiscal cliff. >> first of all, two questions, would you be willing to work through the christmas holiday to make sure this gets done? >> absolutely. >> second question, what about foregoing any pay until you solve this problem? >> well, the problem with that is there are 535 of us and i'm willing to solve the problem and compromise. i don't want to be penalized because of somebody else. >> fair enough....